Wk 5 - Apply: Connect Homework [due Day 7] i Saved Help Save & Exit Submit 7 Gaston owns equipment that cost $39,000 with accumulated depreciation of $31,200. Gaston sells the equipment for $7,000. Which of the following would not be part of the journal entry to record the disposal of the equipment? 10 Multiple Choice points eBook O Credit Gain on Disposal of Equipment $800. Print O Debit Accumulated Depreciation $31,200. O Credit Equipment $39,000. O Debit Cash $7,000. O Debit Loss on Disposal of Equipment $800. Mc Graw Hill